Saudi Arabia - Glucose And Glucose Syrup - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlucose Price in Saudi Arabia - 2021
Contents:
- Glucose Price in Saudi Arabia (FOB) - 2022
- Glucose Price in Saudi Arabia (CIF) - 2022
- Glucose Exports in Saudi Arabia
- Glucose Imports in Saudi Arabia
Glucose Price in Saudi Arabia (FOB) - 2022
In 2022, the average glucose export price amounted to $524 per ton, reducing by -10.6% against the previous year. In general, the export price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2021 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices attained the maximum at $713 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($659 per ton), while the average price for exports to Kuwait ($369 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Glucose Price in Saudi Arabia (CIF) - 2022
The average glucose import price stood at $784 per ton in 2022, dropping by -11.8% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glucose import price increased by +60.3% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 24%. As a result, import price attained the peak level of $889 per ton, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,861 per ton), while the price for Turkey ($493 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Glucose Exports in Saudi Arabia
In 2022, shipments abroad of glucose and glucose syrup decreased by -17.8% to 34K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 102%.
In value terms, glucose exports fell rapidly to $18M in 2022. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 113%. As a result, the exports attained the peak of $24M, and then reduced notably in the following year.
| Export of Glucose in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 0.3 | 2.9 | 2.2 | 2.6 | 105.4% |
| Sudan | 0.4 | 1.5 | 1.5 | 1.8 | 65.1% |
| United Arab Emirates | 2.1 | 3.0 | 1.4 | 1.7 | -6.8% |
| Oman | 0.3 | 1.2 | 0.9 | 1.1 | 54.2% |
| Kuwait | 1.6 | 1.5 | 0.8 | 0.9 | -17.5% |
| Jordan | 0.3 | 0.5 | 0.6 | 0.7 | 32.6% |
| Yemen | 0.1 | 0.2 | 0.4 | 0.5 | 71.0% |
| Iraq | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 0.1 | 0.4 | 16.2 | 8.3 | 336.2% |
| Total | 5.6 | 11.3 | 24.0 | 17.6 | 46.5% |
Top Export Markets for Glucose from Saudi Arabia in 2022:
- Algeria (5.9K tons)
- United Arab Emirates (3.7K tons)
- Sudan (3.2K tons)
- Kuwait (2.5K tons)
- Jordan (1.7K tons)
- Oman (1.6K tons)
- Yemen (1.1K tons)
- Iraq (0.2K tons)
Glucose Imports in Saudi Arabia
Glucose imports into Saudi Arabia skyrocketed to 5.6K tons in 2022, surging by 26% on 2021 figures. Over the period under review, imports, however, recorded a noticeable curtailment.
In value terms, glucose imports expanded markedly to $4.4M in 2022. The total import value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. As a result, imports attained the peak of $4.8M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Glucose in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 821 | 753 | 955 | 1,016 | 7.4% |
| Netherlands | 1,004 | 1,067 | 833 | 1,015 | 0.4% |
| Turkey | 419 | 398 | N/A | 608 | 13.2% |
| Indonesia | 688 | 474 | N/A | 600 | -4.5% |
| China | 551 | 620 | 400 | 549 | -0.1% |
| Slovakia | N/A | 651 | 818 | N/A | 25.7% |
| Others | 735 | 852 | 939 | 593 | -6.9% |
| Total | 4,219 | 4,817 | 3,945 | 4,381 | 1.3% |
Top Suppliers of Glucose to Saudi Arabia in 2022:
- Netherlands (1816.9 tons)
- Turkey (1233.8 tons)
- China (784.8 tons)
- Indonesia (553.1 tons)
- France (545.9 tons)
This report provides an in-depth analysis of the glucose market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10621310 - Glucose and glucose syrup (excluding with added flavouring or colouring matter)
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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